iValu8 Inc., a cloud-based marketing platform, has raised $559,750, but it hopes to raise a total of $1 million, according to a filing with the Securities and Exchange Commission.
Founded in 2013, iValu8 offers its services directly to businesses and operates across various social platforms such as, Facebook, Twitter, YouTube, and Instagram.
The company offers social and mobile marketing solutions to its clients, which include Joe Van Gogh Coffee and Doyle’s Vineyard, to help them reach consumers.
The offering comes in the form of debt, and it is intended to last more than a year.
iValu8 has been led by Chief Executive Officer Joe Carsanaro since 2015. Carsanaro has previous experience in digital marketing solutions from founding Bloodhound Technologies as well as working with Motorola as a general manager for messaging and services, according to his LinkedIn profile.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s know as a Form D electronically with the SEC after they first sell their securities.